Is De Soto Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, De Soto Township was a Neutral Market.
Key Takeaway
De Soto Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in De Soto Township, IL
How much do homes in De Soto Township, IL cost?
Median Sold Price
$71,250
$48/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in De Soto Township have sold for 44.8% less than they did a month ago.
Summary: The median home sold price in De Soto Township was $71,250 in April 2024, down 44.8% from last month, and the median price per square foot was $48.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $129K | $100K | -22.5% |
| 4 Bedrooms | - | $42.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: De Soto Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 22.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hurst | $25K | $69K | +176.0% |
| De Soto Township | $129K | $71.2K | -44.8% |
| De Soto | $129K | $71.2K | -44.8% |
Housing Supply in De Soto Township, IL
How many homes are available in De Soto Township, IL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The De Soto Township real estate market had 8 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The De Soto Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in De Soto Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in De Soto Township in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for De Soto Township, IL
How long does it take to sell a home in De Soto Township, IL?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 146 Days | +1360.0% |
Summary: Homes in De Soto Township had an average of 146 days on market in Apr 2024, up by 1360% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in De Soto Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in De Soto Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.